Binance, one of the largest global crypto exchanges, will add Ripple USD (RLUSD) to its platform, with trading expected to begin on January 22, according to a Wednesday announcement.
Launched in late 2024, RLUSD is a US dollar–backed stablecoin issued by a wholly owned subsidiary of Ripple Labs. Its market capitalization has since surpassed $1.4 billion, per CoinGecko.
Binance will launch three spot pairs, including RLUSD/USDT, RLUSD/U, and XRP/RLUSD, while allowing users to deposit RLUSD ahead of trading and withdraw funds starting January 23.
As part of a promotional campaign, the exchange will waive trading fees on the RLUSD/USDT and RLUSD/U pairs, with no BNB fees applied.
At launch, RLUSD will be supported on Ethereum, with XRP Ledger compatibility to follow. Binance also plans to add RLUSD to its portfolio margin program and Binance Earn.
Ripple said in a statement that the listing represents a key milestone in RLUSD’s ongoing growth and underscores its commitment to building an open, enterprise-ready stablecoin infrastructure.
RLUSD is issued under a New York DFS Limited Purpose Trust Company Charter, while Ripple has also received conditional approval for an OCC charter.
Source: https://cryptobriefing.com/binance-opens-ripple-stablecoin-trading/
